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    FSS Consults on Rules Related to Short-Term STC Securitizations

    August 09, 2019

    FSS published a notice with proposal regarding the enactment and revision of its regulation related to the capital treatment for short-term simple, transparent, and comparable (STC) securitizations. The consultation period ended on September 18, 2019.

    The purpose of the stipulated provisions and revisions is to:

    • Encourage a bank to strengthen responsible autonomous risk management through the approval, post-management procedures, and improvement of risk assessment criteria under the Internal Grade Act, which applies to the release of risk-weighted assets.
    • Rationalize capital regulations, such as allowing credit risk reduction for unrecovered domestic bonds secured with superior bonds
    • Reflect the criteria for the handling of regulatory capital for the BCBS-published standard on capital treatment for short-term STC securitizations
    • Low risk-weight application for exposure, in which the underlying asset is superior and homogeneous and the relevant information is transparent and consistently managed and consistently. 

     

    Comment Due Date: September 18, 2019

    Keywords: Asia Pacific, Korea, Banking, Securitization Framework, Regulatory Capital, STC Securitization, Risk-Weighted Assets, FSS

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